On November 7, Compass, Inc. rose 10.36% in Regular Trading, trading at $10.18 per share, with turnover of $155 million.
The move followed a quarterly report that beat profit expectations and a subsequent broker note that maintained a Buy rating, even as the target price was trimmed to $14 from $15.
For the third quarter, Compass, Inc. posted diluted EPS of $0.07, compared with a loss of $0.01 a year earlier and above consensus expectations of $0.04. Revenue increased to $3.897 billion from $1.846 billion a year earlier, broadly in line with market expectations, reflecting a sharp year-over-year expansion.
The company also issued fourth-quarter revenue guidance of $3.15 billion to $3.35 billion, below the $3.43 billion consensus view. Even so, the earnings beat and return to profitability appeared to outweigh the softer outlook in the latest trading session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)